QDI 4, LLC Acquires Hampton Inn By Hilton In Spring Hill For $9.4M
1344 Commercial Way, Spring Hill, FL 34606, United States
$9,400,000
Building Size
—
Asset Type
Hotel
Closing
Jun 5, 2023
AI
The Hampton Inn by Hilton located at 1344 Commercial Way in Spring Hill, Florida has been sold for $9.4 million. The sale was arranged by DSH Hotel Advisors and attracted significant interest from investors looking for a Hilton-branded property in the growing Tampa area.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $9,400,000
- Address: 1344 Commercial Way, Spring Hill, Florida
- Market: Spring Hill
Dennis Hopper and Randy B. Taylor, representing QDI 4, LLC, acted as the buyer in the transaction, while the seller was Kinnari, Inc.
Players
Miami Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93